Should I Sell My Multimillion-Dollar Business at 43?

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  • Опубліковано 26 гру 2024

КОМЕНТАРІ • 82

  • @georgestone0123
    @georgestone0123 Рік тому +205

    It’s such a blessing that my wife and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what she lacks, she’s great at what I lack and we have an Adviser to work with. Praise God!! And thank you for the awesome content!

    • @tahirisaid2693
      @tahirisaid2693 Рік тому

      That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success..

    • @georgestone0123
      @georgestone0123 Рік тому

      Credits to *ROCH DUNGCA-SCHREIBER,* she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience...

    • @tahirisaid2693
      @tahirisaid2693 Рік тому

      Okay, Thx.
      I found her web page

    • @Abraham_the_prophet
      @Abraham_the_prophet 17 днів тому

      Scam alert

  • @michaelmichiel1555
    @michaelmichiel1555 Рік тому +14

    This is going to be a huge success of a podcast.

  • @paddy63143
    @paddy63143 Рік тому +14

    What a GREAT Podcast!! The knowledge in priceless not only from Dave but the people entrepreneurs calling it. I can't wait for more!!

  • @bethanyboothe4817
    @bethanyboothe4817 Рік тому +12

    Love getting to hear Dave answer specific business questions!! Home run!

  • @jonathanlugo1621
    @jonathanlugo1621 Рік тому +6

    Excited for the new format!

  • @Leelongostyle
    @Leelongostyle 6 місяців тому +1

    You helped set me free of credit card debt 25 years ago. Now I’m contemplating selling my business. Of course i stop at the top for advice. Thank you, Dave for your God centered wisdom.

  • @wesfin
    @wesfin Місяць тому +1

    47:28 a business is like a kid, a lot of commitment/time/money at the start then it slowly starts to be able to sit up and maybe even start walking/running by itself, soon you won’t be supporting it, it’ll be supporting you

  • @sabrinaa4872
    @sabrinaa4872 Рік тому +5

    Wow I can not wait to learn from this format!! I LOVE this!

  • @afhyoutube
    @afhyoutube Рік тому +8

    This is the kind of content I want to hear.

  • @sybille1234
    @sybille1234 Рік тому +4

    Really looking forward to this format!

  • @renelopez3333
    @renelopez3333 Рік тому +4

    I love this format!

  • @georgfloydvictims
    @georgfloydvictims 10 місяців тому +1

    Love Ramsey Solutions thank you for the content.

  • @ricmightybonefeliciano9800
    @ricmightybonefeliciano9800 7 місяців тому +1

    William Levitt built Levittown on Long Island after the war, pioneering a new way to build towns. He retired early, selling his business for millions. 20 years later, weeping telling who would listen that he made a mistake, lost his momentum. He died penniless.

  • @olgasuner999
    @olgasuner999 Рік тому +3

    I like watching his shows even at times he can be very direct and to the point which can come off a bit with madness but I value that in people. He reminds of my grandpa his physical appearance and his approach toward the public. Sometimes you look at the people and think I wish grandpa was alive. He lead 15 counties was a strict but fair leader. At his funeral more than 3 k people came to say good buys. Despite his directives everyone liked him because deep inside he was people’s person. I wonder what Dave’s roots came from. Not because I care but sometimes I wonder how can people can have so much resemblance.

  • @2sumu
    @2sumu 10 місяців тому +1

    3:29 q{ As long as there are garages, there will be new businesses. } Beautiful. Just recently, i started a new business in my garage.

  • @nesanesa9547
    @nesanesa9547 26 днів тому

    Time to help people up the business ladder young man....
    Teach ❤

  • @robertb4101
    @robertb4101 Рік тому +1

    Finally. This is what I need. Thank you.

  • @corneliusjones7349
    @corneliusjones7349 Рік тому +2

    Don't sell out to an equity firm. The banks buy companies and shut them down to make services scarce.This is how they squeeze everyone out.

  • @WanderCampesino
    @WanderCampesino 6 місяців тому

    This is a great podcast. Keep it up!😊

  • @aramstudios3646
    @aramstudios3646 Рік тому +2

    “Working, without talking, will make men rich”
    Matthew Henry

  • @thehungrywolf69
    @thehungrywolf69 Рік тому +2

    Great podcast!! Could we start every call with what type of business the caller is in??

    • @chucknv5482
      @chucknv5482 Рік тому +2

      I thought the same thing, but I think that could be identifying. If you tell me larger HVAC company in Huntsville then I can figure out fairly quickly which company the guy owns. I think people prefer to be anonymous.

  • @stevelarson6384
    @stevelarson6384 Рік тому

    should put in place a way to transfer to his key employees..if a 10 year plan or whatever.....

  • @DanielMartinez-rv6su
    @DanielMartinez-rv6su 2 місяці тому

    Not Dave self glazing for the whole first 4 minutes 😂

  • @wesfin
    @wesfin Місяць тому

    38:15 there is no magic sauce/consultant it’s just doing it and doing more

  • @justinrubio-dmcowner2
    @justinrubio-dmcowner2 Рік тому

    AC Guy Jason- Since it makes 1 to 2 million in owner profit per year, I keep it for 20 years (10 min) and then sell it at 53 - 63. No, you made 10 to 20 mil and still get the payoff. Now since you do not have to do much work anymore, I suggest finding a small church to be a part of and helping it grow like you grew your company. ( I heard you say A-men) I believe God has blessed you to bless others which I know you do but now is the time to really step your game up and be about your fathers business!

    • @BigBrother04
      @BigBrother04 2 дні тому

      Do church grow like businesses? Ie with money? Why do affluent neighborhoods and countries have empty churches then😂?

  • @MsEast8
    @MsEast8 18 днів тому

    Why isn't payroll monthly?

  • @wesfin
    @wesfin Місяць тому

    20:12 all stress is from the uncertainty of unmade, ignored dragons/decisions

  • @saelaird
    @saelaird Рік тому

    Keep the business. Bank the cash annually, live off a proportion of it and just grow the empire. In 5 years maybe its worth 50 mil.

  • @miguelruiloba3565
    @miguelruiloba3565 10 місяців тому

    YEAH DAVE! LETS GOOOO!!!

  • @2sumu
    @2sumu 10 місяців тому

    12:38 q{ buy the school }. Wow.

  • @2sumu
    @2sumu 10 місяців тому

    4:24 q{ bought the company I was working for } Wow.

  • @2sumu
    @2sumu 10 місяців тому

    21:54 ' he worked for my dad ' Oh, that's even harder.

  • @richm3043
    @richm3043 Рік тому +1

    Dave, wouldn't he need to pay at least 25$ in capital gains tax?

  • @KaidenGilly
    @KaidenGilly Рік тому +2

    Hey the title needs a change. 43 to 42 :)

  • @commonenglishmistakes4360
    @commonenglishmistakes4360 8 місяців тому

    The school teachers that get off on crushing dreams should be reminded that they have accomplished nothing at all in business and are not qualified to know who will be successful.

  • @sammycatha
    @sammycatha Рік тому +1

    American farmers are good leaders. I. Work for them. You scoff at some things you do not understand.

    • @sammycatha
      @sammycatha Рік тому +1

      Pride goeth before a fall

  • @2sumu
    @2sumu 10 місяців тому

    24:55

  • @troyanthony6526
    @troyanthony6526 Рік тому +2

    This the old Hogan channel?

  • @wesfin
    @wesfin Місяць тому

    28:33

  • @soobv
    @soobv Рік тому +1

    Why not sell and invest in 7-9 percent fixed income at this point. You get paid the same amount and no risk. Hvac business could drop half in value or worse in a downturn

  • @FirstTimeGrow
    @FirstTimeGrow Рік тому +6

    At 43 years old I would take the 20 million and retire .
    Use 5 million and buy a house and a couple cars .
    Then use the rest and give myself a 120k per year pay until age of 100 .
    Amd enjoy life while I'm healthy and can .
    You can't enjoy life when you are sick and old as much as u can when young and healthy.
    Most people work to make millions while healthy and never enjoy life while they can . Don't let greed take away the blessing of early retirement you were given .

    • @peterjanis2455
      @peterjanis2455 Рік тому +3

      A lot of people enjoy working and find great joy in "playing the game" of business. Take Dave Ramsey for example, he doesn't need to be there working, but he enjoys what he does. I would imagine he would go nuts just sitting around retired

    • @FirstTimeGrow
      @FirstTimeGrow Рік тому

      @Peter Janis nobody who is dying or in bad health has ever said I wished I worked more . But most people only realize this truth when it's to late .

    • @peterjanis2455
      @peterjanis2455 Рік тому +3

      @@FirstTimeGrow What if i told you its possible to enjoy your work and feel happy and fulfilled while doing it? I know its not for everyone I'm just saying

    • @FirstTimeGrow
      @FirstTimeGrow Рік тому

      @Peter Janis I agree it's possible to work and enjoy what you do . All I am saying is if you had 20 million dollars or even 10 million you can retire comfortably for life. I'm just trying to comment in this story . I challenge you to donate 4 weekends of your time , amd visit and help a old age home or long term care and listen to there storys amd advice on life , its a eye opener

    • @Alex-mj5dv
      @Alex-mj5dv Рік тому +2

      I think we underestimate how much Dave Ramsey has to be there.. he’s not just clinging on due to impending boredom, he’s a huge portfolio of real estate he can focus on too. I think he’s worried somewhat that when he leaves, how does Ramsey Solutions level up? It’s been sat around 300m revenue a while, yes Covid doesn’t help, but its media … so it may have hit its ceiling in its current form and structure.. it’s an eponymous brand, based on an almost Demi-god figure and personality, it’s a cult of personality. It’s a pseudo - religion and he knows how to sell it.. but he’s the best at it. The more people he helps, the less normal sales they make.. what’s the LTV of a Ramsey consumer, I don’t know, but it’s finite and Ramsey knows it’s running out, along with his time too. It’s a double edged sword, and I don’t think the personalities or Rachel can carry the weight of the Ramsay albatross like he can. And he knows it. He will be there until he drops.

  • @reggiejenkins6458
    @reggiejenkins6458 Рік тому +25

    As a business owner, this is 10x the original show. Owners run on a different frequency. It’s a higher plane of existence from a worker bee.

    • @willpower3317
      @willpower3317 Рік тому +21

      A bit pretentious lol

    • @reggiejenkins6458
      @reggiejenkins6458 Рік тому

      @@willpower3317 not pretentious, just true.

    • @eane7238
      @eane7238 Рік тому +9

      ​@@reggiejenkins6458 nope, pretentious.

    • @reggiejenkins6458
      @reggiejenkins6458 Рік тому +1

      @@eane7238 spoken like a true beta of a replaceable machine cog.

    • @abark
      @abark Рік тому +6

      @@reggiejenkins6458 "beta". Hilarious. What do you own? An instagram watch drop shipping or MLM scam?

  • @ParkerBG
    @ParkerBG Рік тому

    Dave fired someone every day for 30 years?! 01:09 BADASS!!!

    • @richeyrich2203
      @richeyrich2203 Рік тому

      He has said that out of that about 1200 people that work for him, there have been 1700 that no longer work for him

  • @2sumu
    @2sumu 10 місяців тому

    4:56 q{ turned down college }

  • @ripwins
    @ripwins Рік тому +2

    I LOVE THE TRENCHES, THIS SHIT IS ETERNAL- LIL DURK-WHAT HAPPEN TO VIRGIL

  • @SaiBaba-ij1vq
    @SaiBaba-ij1vq Рік тому

    I have one dollar federal reserve not

  • @sammycatha
    @sammycatha Рік тому +2

    The meek shall inherit the earth 🌎

  • @akashamanthe
    @akashamanthe Рік тому +3

    New Format Feed Back: Miss the interview-based leadership format with people outside the organization Still like Ramsey's solutions. However, will be looking for another weekly leadership interview format.

    • @richeyrich2203
      @richeyrich2203 Рік тому +1

      It would be nice if they did a twice a week episode, and do one of the traditional format interview with Dave.. and the. One of the radio show format. I’d like that.
      Wasn’t a fan of only interviews

  • @knighthawk3559
    @knighthawk3559 Рік тому

    Sell it, get a few 8 balls and have a party

  • @sammycatha
    @sammycatha Рік тому +1

    American farmers hired these people you talk about. Is it not the same God that made theses people. That also created the American farmers. No you need to study more of life and who created life. These people you say and scoff at,. Watch by the one who created Man

  • @reggiejenkins6458
    @reggiejenkins6458 Рік тому +3

    I like Dave, but he really needs to stop trying to convince everyone that they need to devote their entire lives to making as much money as possible the way he has. Many, many people are super happy being around their families, doing things they enjoy, and not being a workaholic.
    Spreading the disease of materialism/workaholic-ism only makes the world worse.